The $4.1 billion
“Our cost of capital has never been higher, so we see little reason to venture too far into the exotic,” Steed told Buyouts. Arizona Public Safety will opportunistically commit to firms “whose strategies are complementary and disciplined,” and that align their interests with those of their LPs, Steed said.
In 2009, the state retirement system committed up to $30 million to
Last year, Arizona Public Safety raised its target to the asset class to 8 percent, with a range of 6 percent to 12 percent, from a 6 percent target, with a range of zero to 10 percent. The pension’s actual allocation now stands at about 7 percent, said Steed.
The Arizona Public Safety Personnel Retirement System uses consultants